Associate in Claims (AIC) 1  Suggest an improvement or addition to the Insurance and Risk Management Glossary. 2  Buy a print version of the Insurance and Risk Management Glossary. 3  Link to the Insurance and Risk Management Glossary.
What is a Periodical? Anything that is published at regular intervals throughout the year such as a magazine, journal, or newspaper: Magazine: A magazine is a collection of articles and images about diverse topics of popular interest and current events.
Definition of PERIODIC EXPENSES: Expenses which take place on an irregular basis. Not recorded on a monthly basis. An example can be the payment of insurance premiums on a quarterly basis, maintenance costs of property, etc.